History constantly reinforces that 1) energy prices are extremely volatile and 2) the demand for energy continues to increase. The U.S. Energy Information Administration's (EIA) 21-year..
History constantly reinforces that 1) energy prices
are extremely volatile and 2) the demand for energy continues
to increase. The U.S. Energy Information Administration's
(EIA) 21-year forecast predicts that worldwide energy
consumption will nearly double from 382 quadrillion Btus in
1999 to 612 quadrillion Btus in 2020 (Fig. 1).1
Most of this anticipated growth will be concentrated in
developing countries; yet, mature economies will also raise
their energy requirements. Of course, this energy consumption
will expand and contract as economic markets respond to
energy pricing, economic recessions and expansions, feedstock
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